Shefficld Incorporated leases a piece of equipment to Shamrock Corporation on January 1,2025. The lease agreement called for annual rental payments of $5,613 at the beginning of each year of the 4 -vear lease. The equipment has an economic useful life of 6 years. a fair value of $26,600, a book value of $21,600, and both parties expect a residual value of $8,200 at the end of the lease term, though this amount is not guaranteed. Sheffield set the lease payments with the intent of earning a 4% return, and Shamrock is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) (a) Determine the nature of the lease to both Shetfield and Shamrock The lease is aran lease to Shetfield The lease is a/an lease to Shamrock. Prepare the lease amortization schedule(s) for Shamrock for all 4 years of the lease. (Round answers to 0 decimal ploces, eg. 5,275 ) eTextbook and Media List of Accounts